Relevant and even prescient commentary on news, politics and the economy.

Amicus Presenting to Judge Aileen Cannon Next Week in the Trump Case

Taken from Joyce Vance’s Civil Discourse I thought perhaps the argument going on in front of Federal Judge Cannon about Jack Smith’s appointment to prosecute XPres. Donald Trump might need some explanation. I am borrowing from Joyce Vance’s Civil Discourse as a subscriber. This is kind of a sideshow to the real issue of trump […]

FDIC: Number of Problem Banks Increased in Q1 2024

by Bill McBride Calculated Risk, May 29, 2024 The FDIC released the Quarterly Banking Profile for Q1 2024: Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 billion in first quarter 2024, an increase of $28.4 billion (79.5 percent) from the prior quarter. A […]

Lead and crime

We recently received a letter from the City of East Providence water utilities division asking us to check whether our service line contains lead. Since our house was built in 1935, this was a reasonable possibility. In the event, our line is galvanized iron or steel, not lead. But this ongoing effort to purge lead […]

GDP and Personal Income by State, 4th Quarter 2023 and Preliminary 2023

First, this report (GDP and Income) is almost three months old. The latest release: will be June 28, 2024. “Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024.” Some detail establishing a base for the June 28, 2024 report which will cover 1st Qtr. 2024. Briefly: The BEA has updates on […]

Post-pandemic Latin American immigration and the unemployment rate

Post-pandemic Latin American immigration and the unemployment rate (and it’s implications for the economy)  – by New Deal democrat One week ago, in analyzing the jobs report, I noted the continuing severe disconnect between the Establishment Survey, which continues to show strong growth, and the Household Survey, which has been downright recessionary. I expanded on […]

Borrowers Using Payday Lenders Will Be Much Safer in 2025

I am sure borrowers having to use Payday Lenders are thrilled to wait till March 2025. Supreme Court ruling in May, the federal government is expected to get tougher on regulating payday lenders and other firms that offer high-interest, short-term loans. This type of lending — which often targets low-income borrowers — has long drawn fire […]

Payment Reform is key to better health

by Merrill Goozner GoozNews Hospitals are pushing back on an experiment that would put providers on budgets. CMS should ignore their lobbyists and consultants playing games with numbers. Changing the way hospitals and doctors get paid is central to reforming our dysfunctional health care system. Payment reform can achieve better health outcomes, improve the patient […]